The markets are at a critical inflection point, according to one well-respected technical analyst.
John Kosar, director of research as Asbury Research, says that if the markets are able to maintain its current levels over the next couple of days, we can expect a "Santa Claus" rally – a run-up in stock prices by the end by New Year's Eve. However, if the markets fail between now and the end of the week, Kosar sees a market fading into January and even February, threatening a fall to levels 8% below where they are today.
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